Limited Partners Summit

Buyout vs. Growth Equity in India: Shaping the Next Frontier of Alternative Investments

India’s maturing private equity landscape is witnessing a marked surge in both control-oriented buyouts and ambitious growth equity investments. With buyouts now accounting for over half of deal value and growth capital rounds dominating in number, Limited Partners must reassess risk, return, and market timing strategies. How can LPs navigate between the scale and control of buyouts and the acceleration opportunities of growth equity in this uniquely Indian market cycle? What structural and market factors are driving the recent rise in buyout transactions in India, and how do these deals differ from global comparables? How do exit environments, valuation cycles, and regulatory conditions shape LP appetite for buyout versus growth equity strategies? Are local or global GPs better positioned to capture returns in buyout and growth equity segments?

LPs and Private Credit: Unlocking Yield, Diversification & Specialty Opportunities

Private credit is becoming a cornerstone in LP portfolios, offering floating-rate yield, tailored structuring, and access to both direct lending and specialty finance strategies. As the market matures and expands beyond traditional direct lending into areas like asset-based lending and opportunistic strategies, LPs are adapting their playbooks to navigate risks, manager selection, and alpha sourcing. What allocation models are LPs adopting to balance direct lending, specialty finance, and opportunistic credit? How do macroeconomic trends—rates, regulatory change, and bank retrenchment—shape LP appetite for private credit? How are LPs vetting the quality and health of private credit portfolios? Will LPs find true portfolio resilience and alpha in private credit, or is the market’s rapid growth masking new risks?

Going Direct: The Evolving Role of LPs as Active Investors

With rising sophistication, increased desire for control, and the search for enhanced returns, limited partners are moving beyond traditional fund allocations into direct investments and co-investment strategies. This transformation raises new questions around risk, resources, and competitive advantage in the alternatives landscape. What motivates LPs to increase direct investment activity versus committing to pooled funds? Operational readiness: How are LPs building in-house teams and frameworks to source, diligence, and manage direct deals? How do direct and co-investment structures compare to traditional fund vehicles for LPs? What risks—including deal access, talent gaps, and information asymmetry—must LPs navigate to succeed as direct investors? Are new partnership models between LPs and GPs emerging to facilitate more collaborative direct investment outcomes?

The LP Playbook for Venture Capital: Navigating Risk, Allocation & Value Creation

Institutional LPs, family offices, and funds of funds must balance illiquidity, long horizons, and uncertain outcomes against the promise of transformative returns in VC space. What frameworks are LPs using to assess VC fund managers’ alignment, sourcing edge, and sector focus? How are LPs responding to current trends in fund size, continuation vehicles, and evolving exit environments? Is the rise of venture debt and non-dilutive financing changing portfolio construction for LPs? How are LPs adapting due diligence, risk management, and pacing of commitments in a globalized VC landscape? What lessons do recent cycles teach about timing, diversification, and technological disruption in LP VC allocation?

Catalytic Capital: How DFIs Balance LP Commitments and Direct Investments in India

Development Finance Institutions (DFIs) play a dual role in emerging markets—acting as cornerstone LPs in alternative funds while also engaging directly in private investments. As these institutions seek to unlock sustainable growth and attract commercial capital, their approach to structuring investments, managing impact goals, and balancing risk-return objectives is evolving rapidly. How do DFIs decide between participating as LPs versus executing direct deals in key sectors like infrastructure, climate, and inclusive finance? What catalytic models have proven most effective in mobilizing private capital alongside DFI investments? How are DFIs using blended finance structures to derisk entry for institutional investors? Lessons from recent success stories: when has direct investment generated greater developmental impact than fund commitments? Can DFIs strike the right balance between being market enablers and active investors in the next phase of emerging market growth?

Institutional Capital and Fund of Funds: Powering the Next Cycle of Alternative Investments

Fund of funds and institutional LPs remain vital anchors of the alternative investment ecosystem, balancing rigorous allocation frameworks with the agility needed to capture emerging opportunities. As capital cycles evolve, these institutional allocators are redefining how scale, selectivity, and sustainability shape their commitment strategies across private equity, venture, private credit, and infrastructure. How are fund of funds adapting their models to stay relevant amid growing direct and co-investment momentum? Where are institutional LPs leaning—toward consolidation with proven managers or exploring niche strategies for higher alpha?

Family Offices and Alternatives: Redefining the LP Playbook for Long-Term Wealth

Family offices are emerging as sophisticated Limited Partners in the alternatives landscape, bringing flexibility, longer investment horizons, and a growing appetite for direct and thematic investments. As traditional institutional LPs face structural constraints, family offices are shaping a new model of capital deployment across private equity, venture, real estate, and private credit. How are family offices evolving from passive allocators to active partners in alternative investments? What strategies are driving family office participation in co-investments, club deals, and direct opportunities? How do family offices balance diversification and control in their alternatives portfolios? Is the generational shift in wealth ownership influencing risk tolerance and thematic focus within family offices?

Backing Emerging Managers: The LP Case for First-Time Funds in Alternatives

First-time fund managers often bring fresh thinking, sharper focus, and differentiated sourcing strategies, yet they require higher conviction from LPs. As the alternatives landscape diversifies across private equity, venture, credit, and real assets, Limited Partners are re-evaluating how to balance institutional risk management with the potential for outsized alpha from emerging managers. Many first time fund managers break off from established fund houses to go solo, how do LPs assess such GPs? What due diligence frameworks can be applied that go beyond track record to assess team chemistry, sourcing edge, and operational discipline? What governance structures and co-investment models can help derisk commitments to debut managers? Is the next wave of alpha in alternatives more likely to come from new faces rather than established franchises?

More than PIPE dreams: Private Investments in Public Enterprise

Limited Partners are increasingly examining private investment strategies targeting listed companies—through PIPES, pre-IPO rounds, and crossover funds. This convergence of private and public investing is reshaping return expectations, governance frameworks, and exit timelines. What drives LP interest in crossover and PIPES strategies amid volatile public markets? How are private market managers adapting their skills to engage in listed company deals while maintaining alpha generation? Do PIPES offer asymmetric opportunities for LPs or blur the risk-return clarity normally found in private investments? What allocation frameworks are LPs using to integrate PIPES into broader private market portfolios? Are private-style investments in public markets the bridge LP portfolios need between liquidity and long-term value creation?

Generalist vs Sector-Focused Funds: Where Should LPs Place Their Next Bet?

Limited Partners face a strategic dilemma: should they back generalist funds with diversified exposure across industries, or allocate more capital to sector-focused managers who bring deep domain expertise? As global markets become more fragmented and technology permeates every sector, the traditional diversification argument is being tested. How do macroeconomic cycles and geopolitical factors affect the performance resilience of generalist vs. sector-focused funds? Do focused funds consistently outperform in specialist sectors such as tech, healthcare, or renewables, or do they expose LPs to concentration risk? How are LPs balancing both strategies within their allocation models? Has the rise of thematic investing blurred the lines between “generalist” and “sector-focused”?